Microsoft® Office Project 2007 Step by Step

Glossary

8/80 rule

A general guideline regarding the estimation of task duration. Task durations between eight hours (or one day) and 80 hours (10 working days, or two weeks) are generally sized to a manageable duration.

Accrual

The method by which a project incurs the cost of a task or a resource. The three types of accrual are start, prorated, and end.

Actual

A detail about task completion recorded in a Project plan. Prior to recording actuals, the project plan contains scheduled or planned information. Comparing planned project information to actuals helps the project manager better control project execution.

ACWP

An earned value indicator; the acronym stands for Actual Cost of Work Performed. In earned value analysis, this is the actual cost of tasks ...